What are we doing to our own citizens? IT programmers can't find work, H1Bs are flooding in. Manufactureing jobs have been butchered, while literally tens of millions of them have been shipped overseas. Dictation that used to be handled in-house, is now facilitated by some Indian half-way around the world away. Registered Nurses are now being shipped in from overseas. Every one of these moves impacts US citizen's wages.
Low level entry jobs are being gobbled up by foreign nationals. Tens of billions of dollars are being sent out of the country, not pumped back into our own.
We run $500 billion dollar foreign trade deficits and can't understand why our economy has no spark.
We have jump-started an economy for a nation that is six times larger than we are. Our foreign investments are drying up while that nation is being bombarded with them.
We have committed corporate harry carrey.
Corporations have no national loyalty. They're just as happy to deal with China as they Europe, South America or Iran and Iraq. If there's a buck to be made, they're there. If one nation goes south, they pick up stick there and base temporarily in the new hot spot.
We watched as Loral gifted China with missile tech. We learned nothing. We deserve what we get.
Keep your chin up, and stop being so pessimistic.
Why can't this country be consuming our own steel. Only an idiot would be blind to the blight and decay in most of our urban areas. Why can't our country be building at a pace similar to that of China. Why? GREED and LAZINESS!
They tax workers at 40%.
They tax investors at 20%-30%.
They tax imports at 0% or close to it. In those cases where it's not 0%, they want to pass laws to make it 0%. Not only that, there is a good chance they are subsidizing the foreign company in one way or another (technology transfer, direct foreign aid, loans, etc....)
The democrats tell us our tax rates should be 1% or 2% higher. The republicans tell us they should be 1% or 2% lower. But both parties (at the top) think there should be no taxes on imports.
What is wrong with this picture?